Queen City Fintech Welcomes Spring Accelerator Cohort

March 19, 2018

Charlotte, NC – Of nearly 150 applications from 18 countries and 20 states, only ten fintech companies were selected for the Queen City Fintech Spring 2018 Cohort. The twelve-week accelerator program begins work with Class 8 on March 26th and concludes with the Fintech Generations Conference on June 13th.

Fintech Generations Presented By Oracle, the premier fintech event in the Southeast that has drawn speakers such as Nigel Morris of QED Investors in previous years, also serves as Demo Day for Class 8. AvidXchange is the Venue Sponsor and Finsiders is the Event Co-Organizer. Early-bird tickets are on-sale for the month of March.

Queen City Fintech is a yearlong accelerator program. The first twelve weeks take place on-site in Charlotte and are designed to mature post-revenue startups through intense mentorship from leading banking executives, business development professionals, venture capitalists, and attorneys, among others in the city’s robust business community. Accepted companies also receive $20K for operational funding from the program with the potential for follow-on funding for the top performers in the program.

“Queen City Fintech’s global brand continues to feed us an increasingly strong applicant pool of fintech startups from around the world,” says Dan Roselli, Managing Director of Queen City Fintech. “The Charlotte community and sponsors have helped us develop one of the deepest mentorship pools of any accelerator with almost 300 mentors.”

Class 8 has four international companies, two from Canada, one from Denmark, and one from Nigeria. There are also two companies from Charlotte. Seven of the ten companies have a minority, female or non-white, founder represented on their team.

“Participating in Queen City Fintech Class 8 is a unique opportunity for us to leverage the strong financial footprint that Charlotte offers” says Christian Visti Larsen, CEO of NewBanking. “We expect to engage deeply with the partners of the program to secure our future commitment to the US regtech market.”

Queen City Fintech has received overwhelming support from Charlotte and its business community. The program is driven by the largest sponsors network of any fintech accelerator in the world, including Bank of America, BB&T, Synchrony Financial, Ally, Womble Bond Dickinson, North Highland, Wells Fargo, Oracle, EY, LPL Financial, AIG, Barings, Grant Thornton, Cherry Bekaert, AvidXchange, Zenmonics, American Airlines, and Extended Stay America.

The Queen City Fintech Spring 2018 Class is:

All_ebt (Los Angeles, CA) – A smart wallet for food stamps

Credpal (Lagos, Nigeria) – A platform that allows consumers to buy anything across various online and offline merchants and pay for it in installments

Family Plan (Yarmouth, ME) – Helping families thrive after divorce

Helium Loans (Toronto, Canada) – Micro lending for the 21st century

Invoira (New York City, NY) – A real time B2B network that empowers businesses to streamline their invoice management and payment process through data and collaboration

Live Give Save (Red Wing, MN & Charlotte, NC) – A mobile app that makes saving and giving as easy as spending so that every dollar you spend is an investment in yourself and a better world

NewBanking (Copenhagen, Denmark) – A user identity platform that allows end-users to verify their identity easily and securely across businesses while at the same having control and ownership of their own data and identity online